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Earnings (Loss) Per share (Tables) | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Basic and Diluted Loss Per Share | The following table sets forth the computation of basic and diluted earnings (loss) per share, as adjusted on a retrospective basis to reflect the Stock Split as discussed in Note 1. Description of Business and Summary of Significant Accounting Policies, for the three months ended September 30, 2024 and 2023, respectively, and for the nine months ended September 30, 2024 and 2023, respectively (in thousands of USD, except share and per share amounts):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2024 |  |  | September 30, 2023 |  |  | September 30, 2024 |  |  | September 30, 2023 |
Basic earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to Webtoon Entertainment Inc. |  | $ | 19,753 |  |  | $ | (11,175 | ) |  | $ | (50,940 | ) |  | $ | (48,854 | )
Add: allocation to subsidiary / equity method investee participating security 1 |  |  | — |  |  |  | 644 |  |  |  | 123 |  |  |  | 576 |
Net income (loss) attributable to Webtoon Entertainment Inc. |  | $ | 19,753 |  |  | $ | (10,531 | ) |  | $ | (50,817 | ) |  | $ | (48,278 | )
Shares used in computation: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares outstanding |  |  | 128,327,971 |  |  |  | 109,505,150 |  |  |  | 116,023,733 |  |  |  | 109,505,150 |
Basic earnings (loss) per share: |  | $ | 0.15 |  |  | $ | (0.10 | ) |  | $ | (0.44 | ) |  | $ | (0.44 | )
Diluted earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to Webtoon Entertainment Inc. |  | $ | 19,753 |  |  | $ | (10,531 | ) |  | $ | (50,817 | ) |  | $ | (48,278 | )
Add: dilutive impact of subsidiary / equity method investee stock options |  |  | (2 | ) |  |  | (1 | ) |  |  | (6 | ) |  |  | 0 |
Diluted net income (loss) attributable to Webtoon Entertainment Inc. |  | $ | 19,751 |  |  | $ | (10,532 | ) |  | $ | (50,823 | ) |  | $ | (48,278 | )
Shares used in computation: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares outstanding |  |  | 128,327,971 |  |  |  | 109,505,150 |  |  |  | 116,023,733 |  |  |  | 109,505,150 |
Dilutive effect of stock options and unvested RSUs |  |  | 2,489,905 |  |  |  | — |  |  |  | — |  |  |  | — |
Diluted weighted-average common shares outstanding |  |  | 130,817,876 |  |  |  | 109,505,150 |  |  |  | 116,023,733 |  |  |  | 109,505,150 |
Diluted earnings (loss) per share |  | $ | 0.15 |  |  | $ | (0.10 | ) |  | $ | (0.44 | ) |  | $ | (0.44 | )
1. Represents net loss allocable to Jakga Company Inc. ("Jakga") redeemable convertible preferred stock which is a participating security per ASC 260. Jakga became an equity method investee from a subsidiary when it was deconsolidated on March 28, 2024 (Refer to Note 14. Disposition for additional information for Jakga disposition).
Schedule of Potentially Dilutive Outstanding Securities Were Excluded From The Computation of Diluted Net Loss Per Share | The following potentially dilutive outstanding securities were excluded from the computation of diluted net earnings (loss) per share because their effect would have been anti-dilutive for the periods presented, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2024 |  |  | September 30, 2023 |  |  | September 30, 2024 |  |  | September 30, 2023 |
Stock options |  |  | 2,755,529 |  |  |  | 9,099,840 |  |  |  | 10,987,180 |  |  |  | 9,099,840 |
Unvested RSUs |  |  | 1,620,028 |  |  |  | - |  |  |  | 2,539,868 |  |  |  | - |
Subsidiary / equity method investee stock options |  |  | 332,597 |  |  |  | 603,797 |  |  |  | 332,597 |  |  |  | 610,897 |
Total |  |  | 4,708,154 |  |  |  | 9,703,637 |  |  |  | 13,859,645 |  |  |  | 9,710,737 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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